4 Nook Rd, Plymouth, MA 02360
- $1,566,000
- 3,631
- SqFt
- List Price
- $1,566,000
- Status
- NEW
- MLS#
- 73554586
- Living Area
- 3,631
- Lot Size (Acres)
- 0.64
- Year Built
- 1975
Property Description
Located at 4 Nook Rd, Plymouth, this sober house presents an opportunity to own a secure investment in a desirable location. Encompassing 3,631 square feet of living area, the residence, built in 1975, renovated in 2023-24, sits on a 27,841 sq. ft. lot. The sober house is MASH Certified for 24 beds, is leased on a pure triple net basis for 20 years, which commenced as of April 2023, with 2.5% annual increases, at a current rent of $140.991, which provides the investor a 9.00% yield. Perfect for a 1031 buyer. This property may also be purchased with 230 Summer St, which provides a buyer with an identical yield profile.
Additional Information
- Area
- Downtown
- Taxes
- $9,209
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Listing courtesy of Listing Agent: J. Murray Regan from Listing Office: JMR Commercial RE Services.
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